Sammy Aaron Sells 51,000 Shares of G-III Apparel Group, Ltd. (GIII) Stock

G-III Apparel Group, Ltd. (NASDAQ:GIII) Vice Chairman Sammy Aaron sold 51,000 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $33.62, for a total transaction of $1,714,620.00. Following the transaction, the insider now owns 556,152 shares of the company’s stock, valued at approximately $18,697,830.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

G-III Apparel Group, Ltd. (NASDAQ GIII) traded up $1.54 during mid-day trading on Thursday, hitting $40.16. 701,290 shares of the stock were exchanged, compared to its average volume of 811,186. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.52 and a quick ratio of 1.91. G-III Apparel Group, Ltd. has a one year low of $18.00 and a one year high of $40.27. The company has a market capitalization of $1,910.00, a price-to-earnings ratio of 47.81, a P/E/G ratio of 1.74 and a beta of 0.28.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Tuesday, December 5th. The textile maker reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.54 by $0.13. G-III Apparel Group had a net margin of 1.58% and a return on equity of 5.65%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the business earned $1.50 earnings per share. G-III Apparel Group’s revenue was up 15.9% compared to the same quarter last year. analysts anticipate that G-III Apparel Group, Ltd. will post 1.5 EPS for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its position in G-III Apparel Group by 74.7% during the second quarter. Bank of New York Mellon Corp now owns 5,574,206 shares of the textile maker’s stock valued at $139,077,000 after purchasing an additional 2,383,043 shares during the last quarter. Vanguard Group Inc. lifted its position in G-III Apparel Group by 0.6% during the second quarter. Vanguard Group Inc. now owns 3,632,380 shares of the textile maker’s stock valued at $90,628,000 after purchasing an additional 21,050 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in G-III Apparel Group by 21.3% during the third quarter. Dimensional Fund Advisors LP now owns 3,523,557 shares of the textile maker’s stock valued at $102,254,000 after purchasing an additional 618,641 shares during the last quarter. Aberdeen Asset Management PLC UK lifted its position in G-III Apparel Group by 9.4% during the second quarter. Aberdeen Asset Management PLC UK now owns 1,933,086 shares of the textile maker’s stock valued at $48,231,000 after purchasing an additional 166,857 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC lifted its position in G-III Apparel Group by 3.1% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,872,837 shares of the textile maker’s stock valued at $54,350,000 after purchasing an additional 56,505 shares during the last quarter.

GIII has been the subject of a number of research reports. Zacks Investment Research upgraded shares of G-III Apparel Group from a “hold” rating to a “strong-buy” rating and set a $40.00 target price for the company in a research report on Thursday, December 7th. BidaskClub upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Telsey Advisory Group increased their target price on shares of G-III Apparel Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 6th. Cowen set a $32.00 target price on shares of G-III Apparel Group and gave the stock a “hold” rating in a research report on Thursday, November 30th. Finally, Piper Jaffray Companies set a $36.00 target price on shares of G-III Apparel Group and gave the stock a “buy” rating in a research report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $35.00.

COPYRIGHT VIOLATION NOTICE: This article was published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://stocknewstimes.com/2018/01/11/sammy-aaron-sells-51000-shares-of-g-iii-apparel-group-ltd-giii-stock.html.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations and retail operations. Its apparel products include outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage.

Insider Buying and Selling by Quarter for G-III Apparel Group (NASDAQ:GIII)

Receive News & Ratings for G-III Apparel Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for G-III Apparel Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply